DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Orchard Advisors
Legal name Orchard Advisors LLC
Latest filing Aug 25, 2026
First filing on the tape Dec 11, 2020 · 15 filings
SEC status approved since Dec 11, 2020
RAUM
$89.2M
reported, Item 5.F
Discretionary
74%
of RAUM
Private clients
99%
$88.5M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$29.7M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$89.2M as of Aug 25, 2026
Mar 14, 2021$36.4M then
HNW client RAUM$23.1M as of Aug 25, 2026
Mar 14, 2021$5.4M then
State-registered IARs (5.B.3)1 as of Aug 25, 2026
Mar 14, 20212 then
Employees (5.A)3 as of Aug 25, 2026
Mar 14, 20212 then
Private funds: no history
RAUM +20% over the last fiscal year+14% a year over threeIARs 5 to 1
Practice profile
derived from the filing of Aug 25, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $29.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 94derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.9MderivedHNW RAUM over HNW clients
- Average account
- $262,404derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 74%derivedof RAUM
- Institutional
- 0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- -20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -7.9%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$65.4M73%
- High-net-worth individuals$23.1M26%
- Charitable organizations$668,8630.7%
- Individual clients
- 273reported
- HNW clients
- 8reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 340reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David P Connelly | Cazenovia, Ny | Mar 14, 2021 | 17 y | 0 |
| Andrew Paul Nardella | Cazenovia, Ny | Jun 24, 2021 | 38 y | 0 |
| Stephen Thomas Abbe | Cazenovia, Ny | Jul 1, 2022 | 30 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 33% of current headcount1 left over 36 months
Left, latest
- Lucas J. Catania to Townsquare Capital, LLCDec 22, 2025 · Other
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Paul Andrew Nardella · Cco, Ceo, Cfo, Coo, Chief Legal Officercontrolsince 05/2016 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Cazenovia, Ny | 3 | 0 | 0 | ||
| Park City, Ut | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 4 to 3Mar 30, 2026 to Aug 25, 2026
- Employees · 4 to 3Mar 30, 2026 to Aug 25, 2026
- Insurance-licensed employees · 3 to 0Mar 30, 2026 to Aug 25, 2026
- State-registered IARs · 4 to 1Mar 30, 2026 to Aug 25, 2026
- Accounts · 405 to 340Mar 31, 2025 to Mar 30, 2026
- Advisory employees · 5 to 4Mar 31, 2025 to Mar 30, 2026
- HNW clients · 0 to 8Mar 31, 2025 to Mar 30, 2026
- Individual clients · 305 to 273Mar 31, 2025 to Mar 30, 2026
- Employees · 5 to 4Mar 31, 2025 to Mar 30, 2026
- Insurance-licensed employees · 5 to 3Mar 31, 2025 to Mar 30, 2026
- State-registered IARs · 5 to 4Mar 31, 2025 to Mar 30, 2026
- Discretionary RAUM · $50.1M to $65.8MMar 31, 2025 to Mar 30, 2026
- HNW RAUM · $9.8M to $23.1MMar 31, 2025 to Mar 30, 2026
- Individual RAUM · $63.5M to $65.4MMar 31, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $24.0M to $23.4MMar 31, 2025 to Mar 30, 2026
- RAUM · $74.1M to $89.2MMar 31, 2025 to Mar 30, 2026
- Accounts · 249 to 405Jan 11, 2025 to Mar 31, 2025
- Individual clients · 191 to 305Jan 11, 2025 to Mar 31, 2025
- Financial planning clients · 0 to 0Jan 11, 2025 to Mar 31, 2025
- Discretionary RAUM · $48.5M to $50.1MJan 11, 2025 to Mar 31, 2025
- HNW RAUM · $18.5M to $9.8MJan 11, 2025 to Mar 31, 2025
- Individual RAUM · $50.9M to $63.5MJan 11, 2025 to Mar 31, 2025
- Non-discretionary RAUM · $21.8M to $24.0MJan 11, 2025 to Mar 31, 2025
- RAUM · $70.3M to $74.1MJan 11, 2025 to Mar 31, 2025
- Advisory employees · 2 to 5Nov 5, 2024 to Jan 11, 2025
- Employees · 2 to 5Nov 5, 2024 to Jan 11, 2025
- Insurance-licensed employees · 2 to 5Nov 5, 2024 to Jan 11, 2025
- HQ city · unset to Nov 5, 2024 to Jan 11, 2025
- HQ state · unset to Nov 5, 2024 to Jan 11, 2025
- State-registered IARs · 2 to 5Nov 5, 2024 to Jan 11, 2025
- Accounts · 222 to 249Mar 28, 2023 to Mar 27, 2024
- Individual clients · 180 to 191Mar 28, 2023 to Mar 27, 2024
- Discretionary RAUM · $43.6M to $48.5MMar 28, 2023 to Mar 27, 2024
- HNW RAUM · unset to 18461603.0Mar 28, 2023 to Mar 27, 2024
- Individual RAUM · $60.6M to $50.9MMar 28, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $17.0M to $21.8MMar 28, 2023 to Mar 27, 2024
- RAUM · $60.6M to $70.3MMar 28, 2023 to Mar 27, 2024
- Accounts · 212 to 222Aug 1, 2022 to Mar 28, 2023
- Individual clients · 170 to 180Aug 1, 2022 to Mar 28, 2023
- Insurance-licensed employees · 1 to 2Aug 1, 2022 to Mar 28, 2023
Signals
2 dated events
- Lucas J. Catania left Orchard Advisors for Townsquare Capital, Llc (registered 2026-01-28)Dec 22, 2025 · Advisor changed firm · fact
- Orchard Advisors filed its initial SEC registration (Form ADV)Dec 11, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Principal office phone
- 315-655-1072reportedpublic record, Form ADV, Aug 25, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $29.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026